Nationwide, homeowners are most likely to spend money on a fresh coat of paint to upgrade the exterior of their house. But can the same be said for Phoenix residents?
According to the 2023 U.S. Houzz & Home Study from home design website Houzz, exterior renovations were a priority for homeowners last year. The company surveyed over 25,000 homeowners in the 30 largest metro areas in the country and found that two in five don’t ever plan on moving out of their current home — but given that the median U.S. home is 42 years old, many are in need of a facelift. And because those homeowners aren’t planning on moving, they have the confidence — and the funds — to invest in the exterior of their home.
Exterior paint does, in fact, reign supreme in Phoenix: 34% of Phoenix respondents invested in fresh exterior paint in 2023, the highest proportion of any exterior renovation. Paint was also the top exterior renovation project in 11 other metro areas, with residents mostly likely to repaint in Miami at 38%.
Paint was followed by new roofing at 29%, updated windows or skylights at 27%, new exterior doors at 23% and various other exterior building features at 15%.
Across the U.S., homeowners were least likely to upgrade their chimneys at only 8%. Similarly, only 2% of Phoenix homeowners undertook a chimney upgrade last year.